Press release
What's Driving Color Cosmetics Market Trends? Key Company Profiled In L’Oreal Group, Coty Inc., Krylon, Estee Lauder Companies Inc., Avon Products, Inc., Johnson & Johnson, Revlon, and Beiersdorf.
Color Cosmetics
Increasing disposable income of population coupled with increasing adoption of branded products are driving the demand for premium color cosmetics products. Some of the leading vendors in the premium color cosmetics market include Coty, Chanel, Estee Lauder, LVMH, and Shiseido.
Color cosmetics market is segmented into nail care, lip care, eye make-up, and face make-up. On the basis of distribution sector, the market is segmented into hypermarkets, supermarkets, specialty stores, and online stores. Face make up segment is expected to account for the highest revenue share over the forecast period, due to increasing availability of cosmetic products at low prices.
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India stands to be another important market for color cosmetics owing to growing demand from tier 2 and tier 3 cities. Owing to the stiff competition and market maturity, retailers are increasing their presence to tier 2 and tier 3 cities to gain market presence. Color cosmetic products such as lip sticks and nail polish are some of the most popular products across all age groups in India.
The color cosmetics market was valued at US$ 62.36 billion in 2016 and is expected to expand at a CAGR of 4.22%, in terms of revenue, over the forecast period (2017 – 2025).
North America is projected to hold a revenue share of 21.97% in the color cosmetics market by 2025, owing to high demand for premium products such as Estee Lauder and Coty.
Europe is expected to be the second largest market for color cosmetics in terms of revenue over the forecast period. Economies such as U.K., Germany, and France are major region for market.
Major Players in Global Color Cosmetics Market:
Some of the key players operating in the global color cosmetics market include L’Oreal Group, Coty Inc., Krylon, Estee Lauder Companies Inc., Avon Products, Inc., Johnson & Johnson, Revlon, and Beiersdorf.
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